My Answer to J.K. Rowling on What Cryptocurrency Is

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To paraphrase a famous financial services commercial from the 1970s and 1980s, when J.K. Rowling asks, people answer. When the famed author of the Harry Potter series of books requested an explanation of bitcoin on Twitter in May, hundreds of people raced to reply. Among the repliers was Elon Musk, who took time off time off from preparing for the launch of the rocket of his company SpaceX to make the first private manned launch into space. (The SpaceX rocket successfully launched on May 30.)

Rowling’s query began when she injected herself into a Twitter conversation between Leigh Cuen, a journalist for the cryptocurrency news site Coin Desk, and technology lawyer Marvin Ammori. Rowling tweeted to Cuen and Ammori, “I don’t understand bitcoin. Please explain it to me.”As of this writing, Rowling’s query had 3,700 retweets and 9,900 likes. And, as reported by crypto news site Bitcoin.com, “Comments immediately flooded the Twitter thread after Rowling tweeted as crypto enthusiasts seized this unique opportunity to explain bitcoin and cryptocurrency to the famous author and her 14.6 million followers.” The responses were very creative—from custom-made videos to Harry Potter analogies.

But Rowling didn’t seem to find any of …

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